Question

what is money ? How is it used as a medium of exchange ?​

Answer 1

Answer:

Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange. Unit of Account: It is a standard numerical unit of measurement of market value of goods, services, and other transactions.

Explanation:

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Answer 2

Answer:

Money:- the means of paying for something or buying something.

Money as medium of exchange:- When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange. Unit of Account: It is a standard numerical unit of measurement of market value of goods, services, and other transactions.

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